Benker

What is Benker and what do they do?

Benker is a Lithuania-based cross-border payment platform operated by BENKER UAB. The company provides payment acceptance and account services designed to help businesses receive funds across borders without opening multiple country-specific bank accounts. Benker operates as an Electronic Money Institution (EMI) under a licence issued by the Bank of Lithuania in January 2022 and passports its services across the European Economic Area.

Benker’s core proposition is to centralise payment collection and settlement for internationally oriented businesses. The platform supports card payments and local payment methods across a wide range of currencies, alongside account-to-account (A2A) payments enabled via open banking. By offering local IBAN-based collection and settlement, Benker aims to simplify cash flow management for companies operating across multiple European markets.

The company originally positioned itself around blockchain-based financial infrastructure and transparency, and elements of this approach continue to inform its product messaging. Today, the focus is on practical payment acceptance, settlement, and compliance rather than consumer-facing neobanking features.

Who is it for?

Benker is positioned for businesses with cross-border payment needs, particularly those operating in Europe. Typical target users include freelancers, international consultants, import and export companies, online and IT businesses, marketplaces, and firms managing distributed revenue streams across multiple countries.

The platform can be relevant for companies that want to consolidate incoming payments into a single operational setup while offering local payment experiences to customers in different markets. Open banking functionality makes Benker suitable for businesses looking to use account-to-account payments within the EU and EEA as an alternative to cards.

Benker’s services are generally aimed at small to mid-sized organisations that need compliant payment infrastructure but do not want to manage multiple local bank accounts or complex banking relationships.

Why do businesses choose Benker?

One of the main reasons businesses consider Benker is simplicity in cross-border operations. By enabling payment acceptance via local IBANs and multiple currencies, the platform reduces the administrative burden associated with maintaining separate accounts in different countries.

Benker also highlights cost structure as a differentiator, promoting the absence of setup or monthly fees and offering standard settlement timelines for major currencies. Support for both card payments and open banking A2A transfers allows businesses to tailor payment methods to customer preferences and reduce reliance on cards where appropriate.

Additional features include marketplace payment support, reporting dashboards, configurable checkout interfaces, and fraud and chargeback management tools. For businesses operating within the EU, the ability to passport services under an EMI licence can also simplify regulatory alignment across markets.

Is Benker trustworthy?

Benker operates as a licensed EMI supervised by the Bank of Lithuania and is subject to European regulatory requirements for safeguarding customer funds and conducting AML and compliance checks. The company’s licence allows it to provide services across the EEA under passporting rules.

Businesses typically approach Benker with a standard level of due diligence, particularly around financial stability, settlement processes, and long-term roadmap.